Weekly

Since its opening in 2025, the gold market has risen by 10% and hit a new historical high 13 times, continuing the bull market trend. Last week, the gold price experienced a pullback in the early stages, falling below the $2900 mark, but the magnitude was not significant. The market focus is on the inflationary pressure in the United States. As the labor market has slowed down, investors are hoping that the Federal Reserve will have more room to cut interest rates. However, the key is the current trade policy in the United States. Trump's tariff measures will increase inflation levels, so whether interest rates can be reduced still depends on the level of the commodity price index.

The CPI released by the United States in the middle of the week was 3.1%, while the core CPI was 0.2%, both lower than expected. Inflation has fallen, reducing the obstacles for the Federal Reserve to further cut interest rates. After stabilizing at 2900, gold prices have risen rapidly and even surpassed the 3000 mark on Friday, marking the first time in history. Although there was some vomiting on the day, there was no sign of a reversal in the mid-term upward trend.

Looking ahead to this week, the US tariff policy continues to trouble market sentiment, and the safe haven atmosphere will support the performance of gold prices. Another focus is the Federal Reserve's interest rate meeting, which is expected to maintain the interest rate unchanged, but the post meeting statement may pave the way for the next interest rate meeting. If a dovish signal is issued, it will support gold prices to break through again. In the medium to long term, many major banks have raised their gold future targets, with most generally expecting between 3500 and 4000, and the market atmosphere remains optimistic. Let's take a look at the market situation and refer to each other.